CPT MarketsBank crisis quells, US dollar stabilizes after five consecutive days of decline! Britain3month...

USD Index (DXY)：

After five consecutive days of decline, the US dollar index will usher in its first day of rise. After a slight increase in Thursday's closing, it opened today with a rise of102.62Nearby, alleviate the previous decline caused by the Federal Reserve's announcement that it is close to stopping interest rate hikes.

On Thursday, the Federal Reserve raised its benchmark interest rate25One basis point, but abandoned the wording about sustained interest rate hikes. The Federal Reserve's interest rate hike is worth noting, as financial markets have been plagued by a global bank confidence shake following a run on Silicon Valley banks two weeks ago and a sudden explosion in credit Suisse. ConveraSenior Market Analyst of the CompanyJoe ManimboIf the banking crisis largely subsides while inflation remains stubbornly high, it may be a factor that helps the US dollar recover, as perhaps the Federal Reserve can once again go all out to combat inflation without worrying about the significant impact of the banking crisis on the economy.

In terms of yesterday's financial event data, the US Department of Labor announced that as of3month11Rihe3month18The number of people applying for and continuing to apply for unemployment benefits for the current week is mixed, falling below expectations19.1Wanhe rose to169.4Ten thousand people, reflecting the fluctuation of labor and employment market mobility. American Association of Mortgage BanksMBAAnnounce that the fourth quarter's current account has improved compared to expectations-2068Billion US dollars, an increase in loans indicates an improvement in the real estate market. In addition, the US Department of Commerce has announced2The annualized monthly rate of new home sales is higher than expected1.1% (Total number of reports6410000 households)This reflects an increase in demand for pre-sale housing in the market.

From the upward direction, the upper suppression(Upper resistance) 102.60，103.00； From the downward direction, the lower support102.20。

euro/pound (EURGBP)：

After a slight decline in Thursday's closing, the euro fell to0.8824Nearby, due to the Bank of England's belief that inflation will quickly fall, coupled with a decline in consumer confidence in the Eurozone, the downward weakness of the euro is under pressure.

The market is betting that the Federal Reserve will only raise interest rates by a quarter of a percentage point, compared to the market's belief that Europe will further raise interest rates by about50One basis point, becoming the most hawkish relay baton. The European Central BankECBPolicy makersKlaas KnotIt is unlikely that the European Central Bank will end interest rate hikes, and they will add that they still believe it is necessary to5Increase policy interest rates on a monthly basis. Earlier, at the Bank of EnglandBoEAfter announcing the eleventh consecutive interest rate hike, the euro/The pound has fallen. Mervyn King Bailey Announce interest rate hike25One basis point and push the interest rate to4.25%. However, the market believes that inflation in the UK is extremely stubborn and will take a lot of time to curb. The Bank of England raised interest rates to4.25%Many measures have been taken, but the annual inflation rate remains in double digits and there is no evidence of future softening. Although labor shortages and rising food prices may continue to keep inflation high, the Bank of England is very confident that inflation will rapidly slow down from the second quarter onwards.

In terms of yesterday's financial event data, the Eurostat announced the Eurozone3The monthly consumer confidence index fell below expectations-19.2This reflects that consumers and business owners in Eurozone countries have conservative expectations for the future economy and consumption. In addition, the Bank of England raised borrowing costs on Thursday25A basis point, in line with expectations, and indicating that if there is evidence that price pressure is more persistent, further tightening is needed.

From the upward direction, the upper suppression(Upper resistance) 0.8820，0.8870； From the downward direction, the lower support0.8780。

CPT MarketsRisk Tips and Disclaimers : The above article content is for reference only and is not intended as future investment advice.CPT Markets The articles published are mainly based on international financial data reports and international news as reference.